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According to people familiar with the matter, 65% of Oracle's $10 billion stock placement was distributed to the 10 investors with the largest subscription scale. The subscription requirements for this placement reached several times the distribution scale. The placement was subscribed by long-term investors, sovereign wealth funds, and original shareholders. In total, the top 20 investors subscribed for 85% of the shares. Oracle rose 5% intraday to $125.31 in the New York market on Tuesday.
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According to people familiar with the matter, 65% of Oracle's $10 billion stock placement was distributed to the 10 investors with the largest subscription scale. The subscription requirements for this placement reached several times the distribution scale. The placement was subscribed by long-term investors, sovereign wealth funds, and original shareholders. In total, the top 20 investors subscribed for 85% of the shares. Oracle rose 5% intraday to $125.31 in the New York market on Tuesday.
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